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FRT Corporation's income statement for the year ended December 31, 2018 follows: Click on the icon to view the income statement.) FRT had 10,000 shares
FRT Corporation's income statement for the year ended December 31, 2018 follows: Click on the icon to view the income statement.) FRT had 10,000 shares of common stock outstanding during 2018. FRT declared and paid preferred dividends of $7,000 during 2018. Show how FRT reports EPS data on its 2018 income statement. (Round the eanings per share amounts to the nearest cent, $XXX.) Reference FRT Corporation Income Statement Year Ended December 31,2018 Income Statement Year Ended December 31, 2018 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Income from Continuing Operations Discontinued Operations (less applicable tax) Net Income $ 192,200 78,000 114,200 45,000 69,200 (18,000) 51,200 25,600 25,600 6,600 $ 32,200 Net Income
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